NRA Files Bankruptcy – What’s Next?

The National Rifle Association announced today
that when it comes to New York they are done. President of the NRA, Wayne
LaPierre announced in a letter that they are, “Dumping New York, and we are
pursuing plans to reincorporate the NRA in Texas.” The NRA has been based in
the New York since 1871, establishing long roots within the State since it was
granted a charter.

What Next for the NRA?

LaPierre has stated in his letter to members of the NRA on
their website, “To facilitate the strategic plan and restructuring, the NRA and
one of its subsidiaries have filed voluntary chapter 11 petitions in the United
States Bankruptcy Court for the Northern District of Texas, Dallas
Division.” LaPierre stated that this was
utilized for, “nonprofits and organizations of all kind to streamline legal and
financial affairs.”

Continuing on with plans as usual?

LaPierre states that all members
will still continue to receive the benefits that they have always received when
it comes to the NRA. Following membership concerns, LaPierre also stated that
when it comes to the main goal of the NRA, things will continue as before with
the organization fighting for the rights of gun-owners around the country.

But wait there’s more?

In an opening statement to organization members, LaPierre has stated that when it
comes to the NRA’s restructuring plan, “positions us for the long-term and
ensures our continued success as the nation’s leading advocate for
constitutional freedom- free from the toxic political environment of New York.”
Could this mean that when it comes to preserving members and showing the rest
of the gun owners in the country that they are willing to separate from its
origins, in order to continue on in working to preserve the 2nd Amendment? We
will see. Texas is indeed home to a large number of members to the NRA coming
in at , “400,000 members,” according to LaPierre. With everything pending court
approval this is definitely a development that we are continuing to
follow. Linked below is the statement
from President LaPierre in regards to this action from the NRA.